York Capital Management Global Advisors Trimmed Stake in Silicon Motion Technology Co (SIMO) by $2.25 Million as Shares Rose; Fortress Investment Group Has Cut Opus Bk Irvine Calif (OPB) Position by $32.33 Million; Valuation Rose

February 12, 2018 - By Linda Rogers

Michael Novogratz decreased its stake in Opus Bk Irvine Calif (OPB) by 27.61% based on its latest 2017Q3 regulatory filing with the SEC. Fortress Investment Group Llc sold 1.41 million shares as the company’s stock rose 2.51% with the market. The hedge fund run by Michael Novogratz held 3.69 million shares of the company at the end of 2017Q3, valued at $88.44M, down from 5.09M at the end of the previous reported quarter. Fortress Investment Group Llc who had been investing in Opus Bk Irvine Calif for a number of months, seems to be less bullish one the $984.08M market cap company. The stock increased 1.29% or $0.35 during the last trading session, reaching $27.4. About 64,303 shares traded. Opus Bank (NASDAQ:OPB) has declined 39.11% since February 12, 2017 and is downtrending. It has underperformed by 55.81% the S&P500.

James Dinan decreased its stake in Silicon Motion Technology Co (SIMO) by 26.69% based on its latest 2017Q3 regulatory filing with the SEC. York Capital Management Global Advisors Llc sold 46,907 shares as the company’s stock rose 17.92% with the market. The hedge fund run by James Dinan held 128,824 shares of the semiconductors company at the end of 2017Q3, valued at $6.19 million, down from 175,731 at the end of the previous reported quarter. York Capital Management Global Advisors Llc who had been investing in Silicon Motion Technology Co for a number of months, seems to be less bullish one the $1.59 billion market cap company. The stock decreased 0.56% or $0.25 during the last trading session, reaching $44.36. About 264,172 shares traded. Silicon Motion Technology Corporation (NASDAQ:SIMO) has risen 21.46% since February 12, 2017 and is uptrending. It has outperformed by 4.76% the S&P500.

Fortress Investment Group Llc, which manages about $4.56B US Long portfolio, upped its stake in Wideopenwest Inc by 162,112 shares to 433,412 shares, valued at $6.54 million in 2017Q3, according to the filing.

Among 9 analysts covering Opus Bank (NASDAQ:OPB), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Opus Bank had 18 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Hold” rating by Keefe Bruyette & Woods on Sunday, August 27. Hovde Group maintained it with “Hold” rating and $29.0 target in Tuesday, January 23 report. Keefe Bruyette & Woods downgraded Opus Bank (NASDAQ:OPB) on Tuesday, October 25 to “Mkt Perform” rating. On Monday, December 19 the stock rating was maintained by Hovde Group with “Outperform”. The stock has “Buy” rating by Piper Jaffray on Monday, July 10. The stock has “Neutral” rating by PiperJaffray on Tuesday, January 23. The stock of Opus Bank (NASDAQ:OPB) has “Neutral” rating given on Monday, January 30 by JP Morgan. On Friday, May 26 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The firm earned “Market Perform” rating on Monday, January 30 by Hovde Group. On Thursday, October 20 the stock rating was downgraded by Sandler O’Neill to “Hold”.

York Capital Management Global Advisors Llc, which manages about $4.60 billion US Long portfolio, upped its stake in Bunge Limited (NYSE:BG) by 162,506 shares to 1.99M shares, valued at $138.57M in 2017Q3, according to the filing. It also increased its holding in Broadcom Ltd by 370,174 shares in the quarter, for a total of 418,574 shares, and has risen its stake in Nxp Semiconductors N V (NASDAQ:NXPI).

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